Overview of Torrance Office Space & Two Good Maps
I wish I could give Scott a 10 star review! Professional, honest and easy going. He is savvy and hard working. One of the best commercial real estate professionals in the area.
Larry Matjika
President, MEDEX Medical
Torrance Office Space and South Bay Cities Office Market Overview
Torrance and Redondo Beach are the southernmost cities in the South Bay, while Manhattan Beach and El Segundo (the LAX Area) are located to the north. The LAX Area, covering about 10 square miles, has experienced rapid growth and high demand, attracting tenants from the entertainment, tech/media, software, private equity, and financial services sectors.
In contrast, the Torrance Office Market and Redondo Beach span 25 square miles and offer significantly lower rents. However, some exceptions exist, with certain Class A and core buildings asking $3.50 or more per square foot, particularly in the financial district along Hawthorne Blvd, the 190th Corridor, and a few buildings near Old Town.
Most of Torrance is not near the 405 Freeway and is located at least 10 miles south of LAX. It marks the southern border of Los Angeles County and is home to major companies such as ExxonMobil, Toyota Finance, Skechers, Honda North American Headquarters, Herbalife, Honeywell, Robinson Helicopter, Torrance Memorial, and UCLA Health.
Torrance: Competitive Office Market and Major Developments
The fully renovated Del Amo Fashion Center is a notable feature of Torrance, offering high-end luxury brands such as Tumi, Tesla, Dolce & Gabbana, Coach, and Nordstrom. It ranks as one of the ten largest malls in the United States. Nearby, an office project called The Crossing adds to the appeal of the Hawthorne Boulevard and Torrance financial district. Additionally, the 190th St. Corridor, which runs parallel to the 405 Freeway, has a major renovation project called The Enclave, showcasing features that attract and retain office workers.
Occupants in Torrance tend to be more traditional office users, which has helped shield the city from the sharp downturn in the “techtainment” and media/software sectors that have heavily impacted the LAX Area during the 2023/2024 downturn. As mentioned, lease rates in Torrance are highly competitive, typically $1.50 or more per square foot less than comparable Class A office buildings near the airport.
For more solid information on Torrance, visit #WhyTorrance at https://storymaps.arcgis.com/stories/e11911255ee04ae9aa83ec7a980e4e8d
Our homepage at http://torranceofficespace.com lists about 20 representative office buildings across the city outlining their features and amenities.
I wish I could give Scott a 10 star review! Professional, honest and easy going. He is savvy and hard working. One of the best commercial real estate professionals in the area.
Larry Matjika
President, MEDEX Medical
